This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lithium-manganese Batteries: Powering The Future?

Two percent of yearly manganese ore production is processed into manganese oxides, which are used in lithium-ion batteries, according to a recent chart from Visual Capitalist. But demand has the potential to grow strongly as more electric cars are built.

A recent report from Pike Research pegs global sales of plug-in electric vehicles at 120,000 units in 2012. That's small next to the 62 million total vehicles estimated to have been sold last year, according to a December Scotiabank report. But Pike sees sales of plug-in electrics growing at a combined annualized growth rate of 39 percent between 2012 and 2020.

Building a better lithium-ion battery?

American Manganese (TSXV:AMY,OTC Pink:AMYZF) recently put out a press release that highlights the differences between lithiated-manganese dioxide batteries and the lithium-cobalt dioxide batteries that Boeing is using. The move was in response to “numerous shareholder queries” about the Boeing 787 situation, according to the release.

The company, which aims to develop its Artillery Peak manganese deposit in Arizona, also plans to produce highly pure electrolytic-manganese dioxide (EMD) or chemical-manganese dioxide (CMD) for the battery industry using its proprietary process.

The purity of the metal is an often-overlooked part of battery manufacturing, according to Norm Chow, P.Eng., president and CEO of Kemetco Research, who is also quoted in the press release.

“A critical issue is that conventional mining processes introduce metallic impurities in raw materials,” said Chow. “These metallic impurities are known to cause internal short circuits resulting in thermal run-away, which bypasses protection circuits implemented for safety. This unfortunately leads to explosions and fires in some cases. The tolerances for these impurities are so low that there are no known methods to reliably test their presence.”

Research continues

In October 2012, American Manganese successfully built and tested prototype rechargeable batteries using CMD made from Artillery Peak manganese. The small, button-cell batteries were produced using the company's own hydrometallurgical process, which it says produces a highly pure material because it skips steps that have the potential to introduce foreign material.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,030.94 -91.07 -0.53%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs